Financial Statements — ALEC
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.06 | 0.08 | 0.08 | 0.04 | 0.04 | 0.04 | 0.05 | 0.07 | 0.10 | 0.13 | 0.20 | 0.18 | 0.17 | 0.45 | 0.52 | 0.13 | 0.11 |
| Short-term Investments | 0.11 | 0.13 | 0.21 | 0.26 | 0.32 | 0.42 | 0.46 | 0.49 | 0.49 | 0.50 | 0.47 | 0.57 | 0.64 | 0.41 | 0.26 | 0.19 | 0.25 |
| Total Current Assets | 0.18 | 0.22 | 0.30 | 0.32 | 0.37 | 0.47 | 0.52 | 0.58 | 0.61 | 0.65 | 0.69 | 0.77 | 0.83 | 0.89 | 0.79 | 0.33 | 0.37 |
| Property, Plant & Equipment | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Total Non-current Assets* | 0.02 | 0.02 | 0.03 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.07 | 0.07 | 0.07 |
| Total Assets | 0.20 | 0.24 | 0.34 | 0.36 | 0.41 | 0.52 | 0.57 | 0.64 | 0.67 | 0.71 | 0.75 | 0.84 | 0.89 | 0.95 | 0.85 | 0.40 | 0.44 |
| Accounts Payable | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 |
| Short-term Debt | -- | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 0.03 | 0.04 | 0.08 | 0.08 | 0.11 | 0.14 | 0.15 | 0.16 | 0.16 | 0.13 | 0.10 | 0.16 | 0.15 | 0.14 | 0.13 | 0.07 | 0.06 |
| Long-term Debt | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 0.18 | 0.19 | 0.20 | 0.20 | 0.20 | 0.25 | 0.27 | 0.29 | 0.35 | 0.38 | 0.47 | 0.42 | 0.45 | 0.54 | 0.39 | 0.14 | 0.15 |
| Total Liabilities | 0.21 | 0.23 | 0.28 | 0.29 | 0.31 | 0.40 | 0.42 | 0.46 | 0.51 | 0.51 | 0.57 | 0.58 | 0.60 | 0.69 | 0.52 | 0.21 | 0.21 |
| Retained Earnings | (1.02) | (0.99) | (0.93) | (0.90) | (0.87) | (0.83) | (0.78) | (0.75) | (0.67) | (0.62) | (0.63) | (0.53) | (0.48) | (0.49) | (0.39) | (0.52) | (0.46) |
| Total Stockholder Equity | (0.01) | 0.01 | 0.06 | 0.07 | 0.09 | 0.12 | 0.15 | 0.18 | 0.16 | 0.20 | 0.18 | 0.25 | 0.29 | 0.27 | 0.34 | 0.18 | 0.23 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 3.32 | 1.05 | 6.24 | 3.26 | 7.87 | 3.67 | 54.24 | 15.34 | 15.08 | 15.89 | 15.19 | 9.11 | 56.21 | 16.55 | 14.44 | 14.85 | 79.85 | 24.47 | 13.99 | 182.41 |
| Research & Development | 19.46 | 17.86 | 32.46 | 29.35 | 27.61 | 33.64 | 46.46 | 48.00 | 46.31 | 45.17 | 47.72 | 46.33 | 46.18 | 51.89 | 54.49 | 48.35 | 54.53 | 53.04 | 52.79 | 43.07 |
| Selling, General & Admin | 8.25 | 8.11 | 13.34 | 11.52 | 14.40 | 14.73 | 15.03 | 15.78 | 14.38 | 14.43 | 14.92 | 13.36 | 13.63 | 14.78 | 15.39 | 14.25 | 15.84 | 15.55 | 16.93 | 13.02 |
| Total Operating Expenses | 27.71 | 25.97 | 45.80 | 40.87 | 42.01 | 48.37 | 61.49 | 63.78 | 60.69 | 59.60 | 62.64 | 59.69 | 59.80 | 66.66 | 69.88 | 62.60 | 70.38 | 68.60 | 69.72 | 56.08 |
| Operating Income | (24.39) | (24.92) | (39.57) | (37.61) | (34.14) | (44.69) | (7.25) | (48.43) | (45.61) | (43.71) | (47.45) | (50.58) | (3.59) | (50.11) | (55.44) | (47.75) | 9.48 | (44.12) | (55.73) | 126.33 |
| Pretax Income | (22.86) | (22.93) | (37.07) | (34.67) | (30.52) | (40.50) | (1.98) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.13 | 0.00 | 0.17 | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 | 0.07 | 0.01 | 1.67 | 1.25 | 1.39 | 0.90 | 0.72 | 0.73 | 1.04 | 0.76 | 0.00 | -- |
| Net Income | (22.99) | (22.93) | (37.27) | (34.67) | (30.52) | (40.47) | (2.07) | (42.22) | (38.68) | (36.08) | (41.43) | (44.47) | 1.38 | (45.86) | (52.43) | (46.15) | 9.88 | (44.62) | (55.61) | 126.60 |
| Basic EPS | (0.21) | (0.21) | (0.34) | (0.34) | (0.30) | (0.41) | (0.02) | (0.43) | (0.40) | (0.38) | (0.50) | (0.53) | 0.02 | (0.55) | (0.64) | (0.56) | 0.12 | -- | -- | 1.56 |
| Diluted EPS | (0.21) | (0.21) | (0.34) | (0.34) | (0.30) | (0.41) | (0.02) | (0.43) | (0.40) | (0.38) | (0.50) | (0.53) | 0.02 | (0.55) | (0.64) | (0.56) | 0.12 | -- | -- | 1.49 |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (34.22) | (49.81) | (41.69) | (32.51) | (49.05) | (60.78) | (55.03) | (50.73) | (62.80) | (61.35) | (46.07) | (46.54) | (43.00) | (48.55) | (48.92) | (49.05) | (57.44) | 135.09 | (49.26) | 445.05 |
| Capital Expenditures | 0.03 | 0.12 | 0.00 | 0.01 | 0.01 | 0.02 | 0.17 | 0.21 | 0.34 | 0.53 | 0.23 | (0.09) | 1.22 | 1.02 | 0.77 | 1.92 | 0.74 | 0.69 | 0.56 | 0.92 |
| Free Cash Flow* | (34.25) | (49.93) | (41.69) | (32.52) | (49.06) | (60.80) | (55.20) | (50.95) | (63.13) | (61.88) | (46.30) | (46.45) | (44.22) | (49.57) | (49.69) | (50.97) | (58.19) | 134.40 | (49.82) | 444.14 |
| Investing Cash Flow | 17.12 | 60.95 | 25.60 | 49.54 | 55.72 | 65.74 | 41.40 | 40.35 | 37.15 | (11.76) | 18.07 | 16.96 | (21.81) | 88.70 | 18.38 | 60.53 | (225.82) | (12.11) | (146.75) | (69.05) |
| Financing Cash Flow | 0.05 | 0.03 | 5.39 | 14.70 | 0.12 | 0.00 | 9.79 | 0.00 | 0.64 | 71.11 | 0.59 | 0.00 | 0.88 | 1.08 | 0.64 | 0.49 | 0.91 | 2.48 | 8.64 | 14.82 |
* Derived from reported values
